Pass necessary rectification entries to rectify the following jou… - Vidyadip

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Pass necessary rectification entries to rectify the following journal entries written by Ishwarlal:

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State double effects of the following transactions :
Goods of $₹ 10,000$ sold on credit to Geeta.

Amish purchased goods of $₹ 72,000$ from Nimesh on $16-9-2016$. Nimesh drew a bill of $₹ 72,000$ for three months on Amish, which Amish accepted and returned. Record these transactions in the books of Amish and Nimesh.

Sunny sold goods of $Rs.52,000$ to Vishnubhai on $16-6 -‘16$, against which Vishnubhai accepted a three months of bill of $Rs. 52,000$ on $20-6- ‘16$. On $2-7 -‘16$, Sunny discounted this bill with the bank at a discount of $Rs.520$. Vishnubhai paid the bill on the maturity date. Pass necessary journal entries in the books of both the parties.

identify account which are to be debited and credited :
Rent received $₹ 1500$ by cheque.

In the books of Joseph Limited, balance of machine account was $₹ 1,10,000$ on $1-4-14$. Every year company charges depreciation at $5 \%$ on reducing balance method. On $30-9-14$ this machine is sold at a loss of $30 \%$ on book value. From the above information pass necessary journal entries and prepare machine account in the books of company.

From following transactions, prepare a purchase book in the book of Harishkumar,

$2015$
Mar.	$1$	Goods of $Rs. 10,000$ purchased from Mahesh on one month credit.
	$2$	Goods of $Rs. 15,000$ purchased from Hasmukhbhai at $10 \%$ trade discount. Invoice no. $15.$
	$6$	Goods of $Rs. 8000$ purchased from Manish for cash.
	$14$	Place an order with Navin for supply goods of $Rs. 10,000$ at $20 \%$ trade discount.
	$18$	Furniture of $Rs. 6000$ purchased from Shreeji Furniture Mart on one month credit.
	$20$	Navin supplied goods as per order and sent his invoice no. $314$ after adding railway freight of $Rs. 1200$
	$23$	Goods of $Rs. 4000$ purchased at $5 \%$ cash discount.
	$25$	Goods of $Rs. 16,000$ purchased from Babulal at $10 \%$ trade discount and paid half of the amount immediately by cheque.
	$28$	Goods of Rs. 6000 purchased from Lalit at $10 \%$ trade discount and $5 %$ cash discount. Amount of bill paid immediately.
	$30$	Goods of Rs. 3000 purchased from Rajesh. Bill No. $101.$

identify account which are to be debited and credited :
Old furniture sold to Rajesh for $₹ 3000.$

Who are the users of accounting information?

From the following transactions, prepare bank and discount columnar cash book in the books of Suresh stores.

$2015$
June	$1$	Bank overdraft $Rs. 12,000$
	$7$	Goods of $Rs. 9000$ sold to Nila at $10 %$ trade discount. Nila gave a cheque after deducting discount, which is deposited in the bank.
	$14$	Cheque of $Rs. 5000$ issued to Nayana in full settlement of account of $Rs. 5050.$
	$16$	Commission of $Rs. 1100$ paid by cheque.
	$20$	Vipul has given a cheque of $Rs. 11,000$ towards amount payable of $Rs. 11,125$ in full settlement of account.
	$23$	Goods of $Rs. 4000$ sold to Chandulal at $10 %$ trade discount and $10%$ cash discount. Chandulal made the payment immediately by cheque. Cheque is deposited in the bank.
	$26$	$Rs. 1800$ paid to Devanshi by cheque.
	$28$	Cheque issued by Vipul is dishonoured.

Write journal entries for the following transactions and explain accounting treatments based on equation:
$1.$ Goods of $Rs.1,000$ returned to Rajesh.
$2.$ Salary outstanding is $Rs.3,000$.
$3.$ A computer of $Rs.10,000$ is purchased from Krishna.